Petrichor Energy encouraged by flow back of frac on the Hinson #1 well

Petrichor Energy Inc. announce that the completion of the Hinson #1 well in the Marble Falls Formation is flowing back at an initial rate of 200 barrels a day and after the recovery of approximately 39.1% (1,510 barrels) of the frac fluid, the Hinson #1 well is now starting to show significant hydrocarbons. Readers are cautioned that further pumping will be required prior to being able to estimate a stabilized daily production rate.

Given the encouraging results, the Company and the operator, BlakEnergy Ltd., have initiated the permitting and construction of the location for the second well, being the BlakEnergy #1 Garner well (the "Well") on the Marble Falls Prospect acreage.